How the (ABNB) price action is used to our Advantage
April 19, 2024, 09:24 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ABNB
- Buy ABNB slightly over 155.83 target 170.48 stop loss @ 155.38 Details
The technical summary data tells us to buy ABNB near 155.83 with an upside target of 170.48. This data also tells us to set a stop loss @ 155.38 to protect against excessive loss in case the stock begins to move against the trade. 155.83 is the first level of support below 160.1 , and by rule, any test of support is a buy signal. In this case, support 155.83 is being tested, a buy signal would exist.
- Short ABNB slightly under 170.48, target 155.83, stop loss @ 170.97 Details
The technical summary data is suggesting a short of ABNB as it gets near 170.48 with a downside target of 155.83. We should have a stop loss in place at 170.97though. 170.48 is the first level of resistance above 160.1, and by rule, any test of resistance is a short signal. In this case, if resistance 170.48 is being tested, a short signal would exist.
Swing Trading Plans for ABNB
- Buy ABNB slightly over 161.24, target 170.48, Stop Loss @ 160.77 Details
If 161.24 begins to break higher, the technical summary data tells us to buy ABNB just slightly over 161.24, with an upside target of 170.48. The data also tells us to set a stop loss @ 160.77 in case the stock turns against the trade. 161.24 is the first level of resistance above 160.1, and by rule, any break above resistance is a buy signal. In this case, 161.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ABNB slightly near 161.24, target 156.23, Stop Loss @ 161.71. Details
The technical summary data is suggesting a short of ABNB if it tests 161.24 with a downside target of 156.23. We should have a stop loss in place at 161.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 161.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ABNB
- Buy ABNB slightly over 161.24, target 170.48, Stop Loss @ 160.86 Details
If 161.24 begins to break higher, the technical summary data tells us to buy ABNB just slightly over 161.24, with an upside target of 170.48. The data also tells us to set a stop loss @ 160.86 in case the stock turns against the trade. 161.24 is the first level of resistance above 160.1, and by rule, any break above resistance is a buy signal. In this case, 161.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ABNB slightly near 161.24, target 156.81, Stop Loss @ 161.62. Details
The technical summary data is suggesting a short of ABNB if it tests 161.24 with a downside target of 156.81. We should have a stop loss in place at 161.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 161.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Airbnb Inc. (ABNB) available here: ABNB.
ABNB Ratings for April 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
141.4 |
| P2 |
156.81 |
156.23 |
155.83 |
| P3 |
161.23 |
161.24 |
170.48 |
AI Generated Signals for ABNB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Airbnb Inc. (NASDAQ: ABNB) data table below can help you with price action, and we have more details too. Trading plans for ABNB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ABNB:
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